Triasima Portfolio Management inc. Takes $4.11 Million Position in BRP Inc. $DOOO

Triasima Portfolio Management inc. acquired a new position in BRP Inc. (NASDAQ:DOOO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 67,635 shares of the company’s stock, valued at approximately $4,113,000.

A number of other hedge funds also recently made changes to their positions in DOOO. Mackenzie Financial Corp raised its stake in BRP by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 2,847,424 shares of the company’s stock worth $138,302,000 after acquiring an additional 962,696 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of BRP by 144.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock valued at $24,460,000 after buying an additional 427,434 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BRP by 696.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 291,203 shares of the company’s stock worth $14,144,000 after buying an additional 254,627 shares during the period. Montrusco Bolton Investments Inc. purchased a new stake in BRP in the 2nd quarter worth $11,139,000. Finally, Waratah Capital Advisors Ltd. bought a new stake in BRP during the second quarter valued at about $10,076,000.

BRP Trading Down 0.6%

NASDAQ DOOO opened at $78.19 on Tuesday. The stock has a market cap of $5.71 billion, a PE ratio of 211.32 and a beta of 1.26. BRP Inc. has a 12 month low of $31.78 and a 12 month high of $78.07. The company’s 50-day moving average price is $71.33 and its 200-day moving average price is $63.53. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 67.30%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.50 billion. BRP’s revenue for the quarter was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. Equities research analysts forecast that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a $0.215 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. BRP’s dividend payout ratio (DPR) is currently 164.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Loop Capital assumed coverage on BRP in a report on Thursday, November 13th. They issued a “buy” rating on the stock. Natl Bk Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. TD Securities reiterated a “buy” rating on shares of BRP in a research report on Thursday, December 4th. CIBC restated an “outperform” rating on shares of BRP in a report on Friday, December 5th. Finally, Zacks Research cut BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.40.

BRP Company Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.